Villere ST Denis J & Co. LLC Increases Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Villere ST Denis J & Co. LLC raised its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,945 shares of the company's stock after purchasing an additional 21,205 shares during the quarter. Villere ST Denis J & Co. LLC owned about 0.15% of Reynolds Consumer Products worth $7,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of REYN. Versant Capital Management Inc boosted its holdings in Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after purchasing an additional 701 shares during the last quarter. Quarry LP boosted its holdings in Reynolds Consumer Products by 187.0% in the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after purchasing an additional 1,649 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Reynolds Consumer Products by 667.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after purchasing an additional 2,248 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Reynolds Consumer Products in the 4th quarter valued at about $165,000. Finally, Deutsche Bank AG boosted its holdings in Reynolds Consumer Products by 35.8% in the 4th quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock valued at $196,000 after purchasing an additional 1,910 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 2,500 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $23.22 per share, with a total value of $58,050.00. Following the transaction, the director now owns 19,389 shares in the company, valued at approximately $450,212.58. This trade represents a 14.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Mayrhofer acquired 5,048 shares of the company's stock in a transaction on Friday, May 30th. The stock was purchased at an average cost of $21.99 per share, for a total transaction of $111,005.52. Following the completion of the transaction, the chief accounting officer now owns 23,266 shares in the company, valued at approximately $511,619.34. The trade was a 27.71% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 34,766 shares of company stock valued at $765,632 in the last ninety days. Company insiders own 0.15% of the company's stock.

Reynolds Consumer Products Stock Up 0.1%

REYN traded up $0.03 during trading hours on Friday, hitting $21.30. 8,750,760 shares of the company's stock were exchanged, compared to its average volume of 735,586. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $32.65. The firm has a 50 day moving average of $22.38 and a 200 day moving average of $24.32. The firm has a market cap of $4.48 billion, a P/E ratio of 13.31 and a beta of 0.58. The company has a current ratio of 1.80, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.87%. The firm had revenue of $801.00 million for the quarter, compared to the consensus estimate of $821.99 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Friday, May 16th. Reynolds Consumer Products's payout ratio is currently 57.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on REYN shares. Truist Financial decreased their target price on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus decreased their target price on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Canaccord Genuity Group decreased their price objective on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, UBS Group decreased their price objective on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of "Hold" and a consensus target price of $28.33.

Reynolds Consumer Products Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.